New Zealand Dollar Weekly RSI Rolls Over

The resistance from the yearly trendline and the bearish MACD crossover (daily) along with daily RSI declining from above 70 suggest that we look lower but a break below .7348 is required before we can get aggressively bearish against .7491.

Former resistance at .7313 is now potential support. Short term resistance is at the 5/1 high of .7445.